韓國에 있어서의 金融先物市場 設立方案에 관한 硏究 = (A) study on the Establishing Methods of Financial Futures markets in Korea

다국어 초록 (Multilingual Abstract)

Financial future trading―after contracting to trade specific goods at preconsult future prices in expiry date, countertrade them before expiry date and deliver the margin or deliver the spots at contracted expiry date―is an innovative financial technique applied to financial goods trading such as foreign currencies, bonds, stock index option and so on. In other words, it is a kind of trading method to deliver the contracted financial goods in a fixed time.
Also financial future trading is classified by the subjects into four categories according to trading goods: currency future trade, bonds, interest future trade, stock index future trade and financial future option trade.
Owing to the enlargement of spot market scale and the development of information and communication technology, financial future trade plays an important role in the international finance market, and in the coming future the steady growth of market scale and trading amount can be expected. Especially since the 1980's, our economic scale have enlarged steadily, the pressure on our domestic market opening have increased and the rates of exchange and interest have fluctuated. Our government have considered how to cope with these above situations and then come to recognized the need of interest future system. Futhermore in recent, efforts to establish financial future trade market are much more activated in the domestic market. To cope with these currencies, our government has decide to put in effect stock index future trade from Jan. 1996 and in present stock index future trial market introduced in the Stock Exchange is operating tentatively.
Consequently for the efficient establishment of financial future market in our country, it is desirable to introduce and develop one of which financial future environment matured sufficiently between the establishment bill of Korean Future Exchange of the late Economic Planning Board and the establishment bill of Financial Futures Exchange of the late Financial Department. Moreover we are feeling keenly the recent financial currencies of the world as like the crisis of Mexican finance, the weakening of American Dollars and the strengthening of Japanese Yen.
As the supreme purpose to establish the financial future trade market is the national economic development through the stabilization of spot market, our government should establish a realizable financial future market and build up countermeasures according to economic fluctuating situations as soon as possible.
We all should make every efforts to found the financial future trading system so that can contribute to the whole national economy.

목차 (Table of Contents)

• 目次
• 第I章 序論 = 1
• 第II章 金融先物去來의 槪觀 = 3
• 第1節 金融先物去來의 意義 = 3
• 第2節 金融先物去來의 經濟的 機能 = 4
• 第3節 金融先物去來 商品의 種類 = 8
• 1. 通貨先物去來 = 8
• 2. 金利先物去來 = 11
• 3. 株價指數先物去來 = 12
• 4. 金融先物옵션去來 = 14
• 第4節 金融先物去來市場의 構造 = 16
• 1. 金融先物市場의 基本構造 = 16
• 2. 金融先物市場의 內部構造 = 20
• 3. 金融先物市場의 去來方法 및 節次 = 23
• 第III章 國際 金融先物市場의 現況 = 26
• 第1節 主要國의 現況 = 26
• 1. 美國 = 26
• 2. 유럽 = 29
• 3. 日本 = 34
• 4. 基他國 = 36
• 第2節 國際 金融先物市場의 特徵과 動向 = 38
• 1. 國際 金融先物市場 變化의 特徵 = 38
• 2. 國際 金融先物市場 變化의 動向 및 分析 = 39
• 第IV章 國內 金融先物市場의 設立方案 = 43
• 第1節 國內導入의 必要性 = 43
• 第2節 國內 金融市場의 與件 = 45
• 1. 金融市場의 動向 = 45
• 2. 國內 金融先物去來의 實態 = 47
• 第3節 政府의 推進方向 = 49
• 第4節 國內 金融先物市場 設立時의 期待 效果 = 54
• 1. 肯定的 側面 = 55
• 2. 否定的 側面과 이에 따른 改善方案 = 56
• 第V章 要約 및 結論 = 58
• 參考文獻 = 61
• Abstract = 64